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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
  • Option Positions (CALLS) Initiated In Sprint, SunPower And MEMC Electronics 0 comments
    Dec 31, 2012 11:42 AM | about stocks: FSLR, S, SPWR, SUNE

    As per the game plan enunciated in previous posts, I have initiated option (CALLS) positions in 3 companies: Sprint Nextel (S), MEMC Electronic Materials (WFR) and SunPower (SPWR):

    Keeping the ongoing fiscal cliff negotiations in mind, I will use 50% of the allocated funds to start this "investment":

    Sprint Nextel (S): $750 to purchase May 18, 2013, $6.00 Strike Price at the Ask: $0.12

    SunPower (SPWR): $2000 to purchase March 16, 2013, $6.00 Strike Price at the Ask: $0.40

    MEMC Electronic Materials (WFR): $1250 to purchase April 20, 2013, $3.50 Strike Price at the Ask: $0.35

    Later tonight, I will submit complete details of the trades and the current account status.

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Disclosure: I am long S, SPWR, WFR.

    Stocks: FSLR, S, SPWR, SUNE
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